• SEC to require admissions of guilt in some settlements (Wed, 19 Jun 2013 02:35:17 GMT)
  

  The Securities and Exchange Commission will begin requiring admission of guilt in certain types of civil settlements, a major departure from the agency’s routine use of a boilerplate clause that allows defendants to pay fines without acknowledging liability.

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• Can state laws protect you from being watched by drones? (Wed, 19 Jun 2013 01:53:52 GMT)
  

  The number of privately operated drones is expected to explode over the next decade as everyone from oil and gas companies to real estate agents to animal rights groups plan to use these light, cheap, unmanned aerial vehicles as automated “eyes in the sky,” analysts say.

  Read full article >>

      

  
  
  
  
• Rising mortgage rates elicit fears they could hurt housing recovery (Wed, 19 Jun 2013 00:55:36 GMT)
  

  Mortgage rates have spiked over the past few weeks, rising at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country’s economic recovery.

  In the short term, the jump in interest rates is spurring home buyers in the Washington region and other hot markets to action, adding to the already frenzied competition to get a home. But a sustained rise would hurt a fragile housing recovery, which has climbed out of the depths of its crash with the help of record-low rates, economists said.

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• FCC nominee Tom Wheeler touts telecom industry ties (Wed, 19 Jun 2013 00:34:42 GMT)
  

  President Obama’s pick to head the Federal Communications Commission on Tuesday told Senate lawmakers that his decades of heading lobbying groups will bring important business sensibilities to the oversight of a communications industry undergoing a massive technological transition.

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• FCC nominee Tom Wheeler touts telecom industry ties (Wed, 19 Jun 2013 00:34:42 GMT)
  

  President Obama’s pick to head the Federal Communications Commission on Tuesday told Senate lawmakers that his decades of heading lobbying groups will bring important business sensibilities to the oversight of a communications industry undergoing a massive technological transition.

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• Treasury Secretary Jack Lew unveils new signature after quibbles with his scribble (Wed, 19 Jun 2013 00:01:49 GMT)
  

  Jack Lew was the senior budget adviser to President Obama and President Bill Clinton. He was Obama’s chief of staff. Now he is Treasury secretary.

  But his most remarked-upon trait was his unusual signature, a series of eight connected loops that looked more like a doodle than a signature that should grace the U.S. currency. If one had to guess the name, word or, more accurately, sound represented by his old autograph, it would simply be “Oooooooo.”

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• The best sentences we read today (Tue, 18 Jun 2013 23:08:28 GMT)
  

  -- "You have studied the words of the Prophet Tufte, and you have concluded that they demand jihad."

  -- "Though Bundy was extremely guilty, in general the science of biting is, well, bollocks."

  -- "If there is one man in this world who can convince markets that America will tolerate above-trend inflation, it is Paul Krugman."

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• CBO: Immigration reform is a free lunch (Tue, 18 Jun 2013 22:08:09 GMT)
  

  Good news for immigration reformers: The Congressional Budget Office has scored the Senate immigration bill and concluded it will cut deficits by $200 billion in the first 10 years and $700 billion in the second 10 years.

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• CBO: Senate immigration bill would cut deficits by $200 billion over decade (Tue, 18 Jun 2013 21:54:00 GMT)
  

  The immigration bill under consideration in the Senate would reduce federal deficits by nearly $200�billion over the next decade, and continue generating savings in the years beyond, even after millions of new citizens became eligible for health-care and welfare benefits, congressional budget analysts said Tuesday.

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• READ: The CBO finds immigration reform will save $197 billion over 10 years (Tue, 18 Jun 2013 21:28:26 GMT)
  

  The CBO's score of the Gang of Eight immigration reform bill is out and it's very positive. While the bill increases spending by $262 billion over 10 years, it increases revenue by $459 billion, for a deficit reduction of $197 billion in total. Additionally, it projects $690 billion in deficit reduction in the second decade of implementation, from 2024 to 2033.

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• Ask the wonks! (Tue, 18 Jun 2013 20:57:14 GMT)
  

  Here at Wonkblog, we spend a lot of time writing about questions that we're interested in. But we also want to answer your questions.

  Last time around, you asked about blue-state secession, the Avengers, global warming, the consequences of a default on U.S. Treasuries, and charts on boxers vs. briefs. We tried our best to answer.

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• Snyder’s Red Zone sells Johnny Rockets to Sun Capital affiliate (Tue, 18 Jun 2013 20:55:00 GMT)
  

  Daniel Snyder’s private equity firm has sold Johnny Rockets, its oldies-themed burger-and-milkshake chain, for an undisclosed amount after six years of ownership.

  An affiliate of Sun Capital Partners purchased the 300-unit chain this month from Snyder’s Red Zone Capital Management, based in McLean, according to a spokesman for Sun Capital.

  Read full article >>

      

  
  
• Is Boehner bluffing on the Hastert rule? Even he doesn't know. (Tue, 18 Jun 2013 20:00:11 GMT)
  

  Will John Boehner break the Hastert rule and bring an immigration reform bill to the floor even if a majority of House Republicans oppose it? "It's not gonna happen," he said Tuesday.

  My colleague Greg Sargent thinks he's bluffing. And perhaps he is. But at this point, even Boehner doesn't know if he's bluffing or not. He doesn't know what his cards will be.

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• Google challenges U.S. gag order, citing First Amendment (Tue, 18 Jun 2013 19:39:00 GMT)
  

  Google asked the secretive Foreign Intelligence Surveillance Court on Tuesday to ease long-standing gag orders over data requests the court makes, arguing that the company has a constitutional right to speak about information it is forced to give the government.

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• Is it time for the 'mixer movement'? (Tue, 18 Jun 2013 19:12:13 GMT)
  

  Here's what we're reading/watching today:

  1) Quick, what 's the first thing you think of when you read the phrase "maker movement"? Perhaps it's the image of a technology enthusiast — more than likely male — in his garage with a 3D printer, spools of PLA, a few Raspberry Pis scattered around and soldering iron in hand. It's a stereotype, of course. Makers, as they've come to be called, have a variety of interests and include men and women — young and old. Also, they're not just making: They're fixing, repurposing, re-engineering and otherwise breathing new life into old things — sometimes, very old things. So, is it time to rebrand the "maker movement"?

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• Welfare reform took people off the rolls. It might have also shortened their lives. (Tue, 18 Jun 2013 18:42:57 GMT)
  

  Welfare reform is pretty popular. A Rasmussen poll last July found that 83 percent of American adults favor the work requirement placed on welfare by the 1996 Personal Responsibility and Work Opportunity Act, commonly known as the welfare reform law. In 2002, closer to the bill's enactment, a Pew poll found 46 percent of Americans thought the bill changed the welfare system for the better, and only 17 percent thought it changed things for the worse. Mitt Romney certainly thought it was popular, as he purchased airtime for an ad that (falsely) alleged that President Obama has gutted the law:

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• Bernanke's done, Obama kinda sorta says (Tue, 18 Jun 2013 18:27:51 GMT)
  

  The countdown may have officially begun for Federal Reserve Chairman Ben S. Bernanke.

  After seven tumultuous years, his term as head of the nation's central bank ends Jan. 31. He is widely expected not to stay on, though he has been mum on his official plans.

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• Jack Lew's new signature unveiled (Tue, 18 Jun 2013 18:13:01 GMT)
  

  One of the big questions about Jack Lew's tenure as Treasury secretary — what will his new signature look like on U.S. currency? — has been answered:

  The U.S. Treasury tweeted the new signature just after 2 p.m. Lew's old signature was the subject of intense attention and even some presidential ribbing earlier this year.

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• How the IRS keeps the $4.3 trillion nonprofit world secret (Tue, 18 Jun 2013 17:59:16 GMT)
  

  You've heard about the the Internal Revenue Service's habit of targeting conservative 501(c)(4) applicants for close scrutiny. You've also by now heard the criticisms that the IRS gave too little scrutiny to many other politicized groups that applied for 501(c)(4) nonprofit status. But Carl Malamud is suing the IRS over a problem you probably haven't heard about: the agency's unwillingness to let the rest of us easily scrutinize nonprofits.

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• So you think you're ready to walk on red-hot lava (Tue, 18 Jun 2013 17:14:19 GMT)
  

  Jason Kottke says this video of a man walking on hot lava "might be the dumbest thing on YouTube, which is saying quite a lot."

  And that does seem pretty dumb. Over at Wired, however, volcano blogger Erik Klemetti explains that it's technically possible to walk on some types of lava. It's probably not a great idea, though:

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• Bobby Jindal is the Republican Party's problem (Tue, 18 Jun 2013 17:11:39 GMT)
  

  After the 2012 election, Louisiana Gov. Bobby Jindal made a name for himself as the most eager and aggressive of the GOP's self-flagellators. Republicans have to "stop being the stupid party," he raged. They have to compete for "the 47 percent and the 53 percent," and "any other combination of numbers that adds up to 100 percent." Above all, they need to "stop insulting the intelligence of voters."

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• British charge UBS trader with fraud in Libor rigging (Tue, 18 Jun 2013 16:11:00 GMT)
  

  British prosecutors filed criminal fraud charges on Tuesday against Tom Hayes, a former UBS and Citigroup trader accused of playing an integral role in the ma�nipu�la�tion of the global interest rate known as Libor.

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• Saving energy is great. But how much is actually possible? (Tue, 18 Jun 2013 15:33:36 GMT)
  

  It's something we hear from policymakers again and again: The world squanders too much energy. And wringing out that waste should be one of the easiest ways for the United States and other countries to save money and curb pollution.

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• Wonktalk: Can Avik Roy and Ezra Klein find common ground on Obamacare? (Tue, 18 Jun 2013 15:04:11 GMT)
  

  Of late, Forbes blogger and Manhattan Institute fellow Avik Roy has emerged as one of Obamacare's most persistent and popular conservative critics. We've gone back-and-forth a bit over the blogs (see here and here, for starters). But as you may have heard, blogs are dead. So I invited Avik into the famed WonkTalk studio ("Wonkdome") for an epochal, apocalyptic, health-care showdown.

  Read full article >>

      

  
  
  
  
• Why Silicon Valley likes Obama's patent troll offensive (Tue, 18 Jun 2013 14:01:57 GMT)
  

  Technology companies may have backed the President's executive actions to curb patent trolling. But my first thought when reading about the move was that Obama was merely paying lip service to the technology community over an issue that cuts to the heart of innovation and job creation. Obama had failed, I thought, to go far enough. And watching White House press secretary Jay Carney hold up a picture of a crossed-out toy troll in a superhero outfit under the slogan "innovation, not litigation" didn't help lead me to believe otherwise.

  Read full article >>

      

  
  
  
  

_{Copyright 2012 Washington Post Company}

• Smithfield CEO could make about $46.6 million from Shuanghui deal (Wed, 19 Jun 2013 06:33:30 GMT)
  (Reuters) - Smithfield Foods Inc Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing showed.
  
  
  
• Asian markets tense before Fed; Nikkei outperforms (Wed, 19 Jun 2013 06:20:28 GMT)
  SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for clarity on the U.S. Federal Reserve's next policy step.
  
  
  
  
  
• Fed seen keeping options open on pace of bond buying (Wed, 19 Jun 2013 05:08:56 GMT)
  WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
  
  
  
  
  
• Asia business sentiment rises in second quarter, global growth risk still dominates (Wed, 19 Jun 2013 04:28:03 GMT)
  SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.
  
  
  
• Empire State Building gets 'left-field' $2 billion offer to sell (Wed, 19 Jun 2013 03:32:48 GMT)
  NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment trust.
  
  
  
• Mexican oil producer Pemex evacuates headquarters after bomb threat (Wed, 19 Jun 2013 03:21:21 GMT)
  MEXICO CITY (Reuters) - Mexico's state oil producer, Pemex, said on Tuesday it had evacuated its Mexico City headquarters, the site of a deadly explosion in January, after a bomb threat.
  
  
  
  
  
• GM aims for 10 percent of China's luxury car market by 2020 (Wed, 19 Jun 2013 03:15:22 GMT)
  SHANGHAI (Reuters) - General Motors Co said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car market.
  
  
  
  
  
• United Dreamliner diverted due to possible oil filter problem (Wed, 19 Jun 2013 01:42:24 GMT)
  SEATTLE (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter, but the plane landed without incident.
  
  
  
  
  
• Dish abandons Sprint bid for now to focus on Clearwire (Wed, 19 Jun 2013 01:30:59 GMT)
  NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp.
  
  
  
• Adobe expects third-quarter Creative Cloud subscriber adds to exceed second-quarter (Wed, 19 Jun 2013 01:02:18 GMT)
  (Reuters) - Adobe Systems Inc, known for its Photoshop and Acrobat software, reported a higher-than-expected adjusted second-quarter profit and said demand rose for Creative Cloud, the subscription-based version of its flagship software package.
  
  
  
• Kodak prepares $406 million offering as it eyes bankruptcy exit (Wed, 19 Jun 2013 01:00:39 GMT)
  (Reuters) - Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.
  
  
  
  
  
• Ex-Lockheed official joins board of Norwegian titanium firm (Wed, 19 Jun 2013 00:18:48 GMT)
  PARIS (Reuters) - Chris Kubasik, fired last year as Lockheed Martin Corp's incoming CEO after having an affair with a subordinate, said he has joined the board of directors of a Norwegian titanium producer that works closely with Spirit AeroSystems Inc .
  
  
  
  
  
• Tinkler gives up half of Whitehaven stake to lender (Tue, 18 Jun 2013 23:51:10 GMT)
  MELBOURNE (Reuters) - Struggling Australian tycoon Nathan Tinkler has given up nearly half of his stake in Whitehaven Coal Ltd for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the miner's value.
  
  
  
• Dish abandons Sprint bid for now to focus on Clearwire (Tue, 18 Jun 2013 23:50:01 GMT)
  NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp.
  
  
  
  
  
• Vodafone raises Kabel Deutschland offer after rival bid: report (Tue, 18 Jun 2013 23:29:18 GMT)
  (Reuters) - Britain's Vodafone Group Plc has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid.
  
  
  
• U.S. lawmakers urge careful review of American-US Airways deal (Tue, 18 Jun 2013 23:27:42 GMT)
  WASHINGTON (Reuters) - Two U.S. lawmakers with antitrust oversight have urged the Obama administration to carefully review a planned merger of American Airlines and US Airways Group to ensure that it will not lead to higher prices for air travelers.
  
  
  
• Exclusive: SunGard explores $2 billion data unit sale - sources (Tue, 18 Jun 2013 23:12:36 GMT)
  NEW YORK (Reuters) - SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday.
  
  
  
  
  
• UK's Osborne to unveil future of state-controlled banks (Tue, 18 Jun 2013 23:09:28 GMT)
  LONDON (Reuters) - The fate of Britain's two state-controlled banks will become clearer on Wednesday, when finance minister George Osborne is likely to start the clock ticking for the sale of the government's stakes.
  
  
  
• Dolce and Gabbana face verdict on alleged tax evasion (Tue, 18 Jun 2013 23:05:57 GMT)
  MILAN (Reuters) - An Italian court is expected to rule on Wednesday on whether legendary fashion duo Domenico Dolce and Stefano Gabbana should be sent to prison for allegedly hiding hundreds of millions of euros from the tax authorities.
  
  
  
  
  
• United Technologies told to pay $473 million to U.S. in lawsuit (Tue, 18 Jun 2013 22:56:25 GMT)
  (Reuters) - A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s.
  
  
  
• Icahn seeks Dell share buyback, buys Southeastern stock (Tue, 18 Jun 2013 22:38:46 GMT)
  (Reuters) - Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
  
  
  
• Chrysler relents, to recall 2.7 million Jeeps over fuel tanks (Tue, 18 Jun 2013 22:22:11 GMT)
  DETROIT (Reuters) - Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.
  
  
  
  
  
• Google challenges surveillance court on First Amendment grounds (Tue, 18 Jun 2013 21:35:18 GMT)
  SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment grounds.
  
  
  
  
  
• From the ashes of Webvan, Amazon builds a grocery business (Tue, 18 Jun 2013 21:34:19 GMT)
  SAN FRANCISCO (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.
  
  
  
• Adobe profit beats as Creative Cloud subscriptions soar (Tue, 18 Jun 2013 21:30:27 GMT)
  (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package.
  
  
  
  
  

_{All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world. � Reuters 2013}

• Sherwood Ross, President of Ross Bicycles, Dies at 92 (Wed, 19 Jun 2013 03:34:16 GMT)
  Mr. Ross became president of the company his father founded and turned it into the third-largest American bicycle maker.

      

  
  
  
  
• DealBook: Weak Bond Trading at Jefferies Prompts Wider Concern (Wed, 19 Jun 2013 02:39:56 GMT)
  Fixed-income revenue fell 27 percent at the Jefferies Group in the second quarter, the firm reported Monday, sending a shiver through Wall Street that others will report weak bond-trading results.

      

  
  
  
  
• Polk Winner, 33, Dies in Car Crash (Wed, 19 Jun 2013 02:09:28 GMT)
  Michael Hastings, the journalist whose reporting led to the ouster of the commander of American forces in Afghanistan in 2010, was killed in a car crash, the news Web site BuzzFeed said.

      

  
  
  
  
• U.S. Home Construction Rose in May (Wed, 19 Jun 2013 01:59:28 GMT)
  Housing starts rose 6.8 percent in May, and builders sought permits to build-single family homes at the fastest pace in five years.

      

  
  
  
  
• Nickelodeon Resists Critics of Food Ads (Wed, 19 Jun 2013 01:51:09 GMT)
  In resisting calls to ban ads for nutritionally questionable food, Nickelodeon argued that its job was children’s entertainment, not nutrition.

      

  
  
  
  
• Uncertainty at Fed Over Its Stimulus Plans and Its Leadership (Wed, 19 Jun 2013 01:38:01 GMT)
  Ben S. Bernanke faces the growing challenge of shaping investor expectations amid increasing signs that his era as Federal Reserve chairman is ending.

      

  
  
  
  
• Spoils of the Sea Elude Many in an Alaska Antipoverty Plan (Wed, 19 Jun 2013 01:34:39 GMT)
  A government-backed fishery program meant to help impoverished Alaskans has made some villages haves and others have-nots.

      

  
  
• Dish Abandons Sprint Bid for Now to Focus on Clearwire (Wed, 19 Jun 2013 01:29:20 GMT)
  Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp.

      

  
  
• Advertising: Finding Ms. (or Mr.) Right at the Board Game Table (Wed, 19 Jun 2013 01:26:29 GMT)
  A dating Web site is teaming up with board game companies to sponsor game nights where singles can meet and get to know each other.

      

  
  
  
  
• DealBook: Britain Charges Former Trader in Libor Inquiry (Wed, 19 Jun 2013 01:22:13 GMT)
  Britain’s Serious Fraud Office said on Tuesday that it had filed eight fraud charges against a former UBS trader in connection with the manipulation of the London interbank offered rate.

      

  
  
  
  
• Economix Blog: Jacob Lew’s Signature, Squiggle-Free (Wed, 19 Jun 2013 00:49:49 GMT)
  Those awaiting a new, Slinky-like John Hancock upon their dollar bills may be disappointed by the Treasury secretary’s official signature.

      

  
  
  
  
• Square Feet: Making Energy Efficiency Attractive for Owners of Older Seattle Buildings (Wed, 19 Jun 2013 00:45:51 GMT)
  A program in Seattle maps a way to make expensive retrofits pay off for all involved — building owners, investors and utilities.

      

  
  
• DealBook: Regulators Are Divided Regarding Consultants (Wed, 19 Jun 2013 00:45:49 GMT)
  Deloitte has agreed to a $10 million fine and a one-year ban from advising banks chartered in New York as part of a settlement with state officials.

      

  
  
  
  
• Dispute Ends as Chrysler Agrees to Fix Older Jeeps (Wed, 19 Jun 2013 00:43:04 GMT)
  The automaker and National Highway Traffic Safety Administration resolved their differences, and Chrysler will inspect the cars for possible defects.

      

  
  
  
  
• DealBook: Google’s Effort to Skirt Regulation May Invite More Scrutiny (Wed, 19 Jun 2013 00:41:04 GMT)
  Google may have pushed the boundaries of antitrust law in its Waze deal, but the question is whether the government pushes back.

      

  
  
• DealBook: Dish Says It Won’t Submit a New Offer for Sprint Ahead of Deadline (Wed, 19 Jun 2013 00:31:57 GMT)
  Dish Network, a pay TV provider, said that because of new conditions imposed by Sprint Nextel, it would focus on acquiring a stake in Clearwire, a smaller competitor.

      

  
  
• F.C.C. Nominee Favors Competition Over Regulation (Wed, 19 Jun 2013 00:29:33 GMT)
  Tom Wheeler, President Obama’s choice to lead the agency, said its support of competition was especially important because of Americans’ dependence on communications networks.

      

  
  
  
  
• A.M.A. Recognizes Obesity as a Disease (Wed, 19 Jun 2013 00:20:09 GMT)
  The decision by the American Medical Association could have implications for health care companies and the pharmaceutical industry.

      

  
  
  
  
• Markets Rally, Awaiting Fed (Wed, 19 Jun 2013 00:13:35 GMT)
  Reports on strong home building and low inflation bolstered shares.

      

  
  
  
  
• Square Feet: As Coney Island Stirs, One Man’s Vision Is Unbuilt (Tue, 18 Jun 2013 23:41:08 GMT)
  Horace Bullard had big plans for redeveloping the Coney Island of his youth, but he died with his properties still on the market.

      

  
  
  
  
• Bits Blog: Tech Moves to the Background as Design Becomes Foremost (Tue, 18 Jun 2013 23:09:36 GMT)
  As the speed of chips and the size of screens move into the background, design is becoming part of mainstream discussions about gadgets.

      

  
  
• Bits Blog: Google Asks Secret Court for Permission to Publish National Security Request Data (Tue, 18 Jun 2013 22:40:21 GMT)
  Google escalated its pressure on the government to permit it to publish more detailed data about the requests it receives for the information of foreign users.

      

  
  
  
  
• DealBook: Chiasson and Newman to Remain Free During Appeal, Court Rules (Tue, 18 Jun 2013 22:39:53 GMT)
  A federal appeals court ruled that Anthony Chiasson, the co-founder of Level Global Investors, and Todd Newman, a former portfolio manager at Diamondback Capital Management, will not have to report to prison while they fight their convictions.

      

  
  
• Today's Economist: How the Revival of Postwar Germany Began (Tue, 18 Jun 2013 21:56:52 GMT)
  Germany’s economic recovery began 65 years ago this week when a strong-willed economist laid out the path forward and the United States, Britain and France followed it.

      

  
  
  
  
• DealBook: Headhunter for the Rich Turns on Them (Tue, 18 Jun 2013 21:54:15 GMT)
  Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld on charges of breach of contract and discrimination.

      

  
  
  
  

_{Copyright 2013 The New York Times Company}